image

January 3, 2018

Top Longs Based on Momentum

a0f
tickernamecountrysectorPeriodChange
VIPSVIPSHOP HOLDINGS SPONSORED ADS REPChinaConsumer Discretionary46.32
VIPSVIPSHOP HOLDINGS SPONSORED ADS REPChinaConsumer Discretionary46.32
2196SHANGHAI FOSUN PHARMACEUTICAL (GROChina-30.49
1177SINO BIOPHARMACEUTICAL LTDChinaHealth Care29.20
1177SINO BIOPHARMACEUTICAL LTDChinaHealth Care29.20
291CHINA RESOURCES BEER HOLDINGS LTDChinaConsumer Staples29.14
1171YANZHOU COAL MINING LTD HChinaEnergy24.47
981SEMICONDUCTOR MANUFACTURING INTERNChinaInformation Technology24.46
168TSINGTAO BREWERY LTD HChinaConsumer Staples23.15
135KUNLUN ENERGY LTDChinaEnergy19.54

Top Shorts Based on Momentum

9fc
tickernamecountrysectorPeriodChange
2382SUNNY OPTICAL TECHNOLOGY LTDChinaInformation Technology-27.88
2018AAC TECHNOLOGIES HOLDINGS INCChinaInformation Technology-16.45
1918SUNAC CHINA HOLDINGS LTDChinaReal Estate-16.36
384CHINA GAS HOLDINGS LTDChinaUtilities-13.75
384CHINA GAS HOLDINGS LTDChinaUtilities-13.75
2238GUANGZHOU AUTOMOBILE GROUP LTD HChinaConsumer Discretionary-9.89
762CHINA UNICOM (HONG KONG) LTDChinaTelecommunication Services-8.78
762CHINA UNICOM (HONG KONG) LTDChinaTelecommunication Services-8.78
817CHINA JINMAO HOLDINGS GROUP LTDChinaReal Estate-8.33
3360FAR EAST HORIZON LTDChinaFinancials-7.61
189f
MLIndexnameytd1monthFy1PE
CHIQ Index Solactive (Structured SolutionSolactive China Consum T57.290.03-
HXCX Index NASDAQ Global MarketGolden Dragon China TR54.44-1.12-
GDUETCF Index MSCIMSCI Daily TR Gross China USD51.29-0.14-
NDEUCHF Index MSCIMSCI Daily TR Net China51.03-0.1413.1
M7CN Index MSCIMSCI CHINA NR51.02-0.1513.1
NDELCHF Index MSCIMSCI Daily TR Net China50.78-0.1513.1
MXCNX Index MSCIMSCI CHINA FREE48.28-0.1513.1
MSEUSCF Index MSCIMSCI China USD48.13-0.16-
MN40CIE Index MSCIMSCI China 10-40 Index D46.41-0.06-
M1CN40 Index MSCIMSCI CHINA 1040 NR46.25-0.2011.7
STBCCNU Index Standard & Poor'sS&P China BMI TR USD45.49-0.2912.4
DJICHK Index Dow JonesDJIM ChinaHK Ind40.51-2.5217.9
CHIMAT Index Solactive (Structured SolutionSolactive China Material37.70-5.11-
XIN9I Index FTSEFTSE CHINA A5035.94-1.0010.6
TXINOUU Index FTSEFTSE China 50 TR USD33.430.70-
TXIN0UNU Index FTSEFTSE China 50 Net TR33.050.70-
FNGDCDTI Index FNGuide IncFnGuide Inc China Consumption32.950.53-
GPSSG239 Index FTSEFTSE Greater China HKD30.93-1.26-
MXEF Index MSCIMSCI EM30.030.9112.2
XINOU Index FTSEFTSE China 50 HKD29.330.70-

Commodities YTD Performance

1f40
NameUnitsKeyLastPriceCurrencyYTDChange USDpct1month
Palladium SpotUSD/t oz.Palladium1090.93USD60.207.93
Lumber (CME)USD/1000 board feetLumber450.30USD42.23-1.12
3Mo Aluminum (LME)USD/MT3Mo Aluminum2268.00USD33.968.36
Copper (Comex)USd/lb.Copper3.2725USD30.616.11
3Mo Zinc (LME)USD/MT3Mo Zinc3319.00USD28.844.50
Rough Rice (CBOT)USD/cwtRough Rice11.76USD25.712.80
NickelUSD/MTNickel12250USD22.260.00
Brent Crude (ICE)USD/bbl.Oil66.46USD16.974.20
Gold SpotUSD/t oz.Gold1311.80USD14.322.03
Feeder Cattle (CME)USd/lb.Feeder Cattle1.455USD11.54-7.82
Cotton #2 (ICE)USd/lb.Cotton0.7744USD9.6112.44
Lean Hogs (CME)USd/lb.Lean Hogs0.7132999999999999USD7.8312.90
Silver (Comex)USD/t oz.Silver17.18USD7.450.94
SteelUSD/MTSteel525USD6.060.57
Wheat (CBOT)USd/bu.Wheat4.4USD4.640.00
Platinum SpotUSD/t oz.Platinum939.25USD4.000.28
Live Cattle (CME)USd/lb.Live Cattle1.2275USD3.150.22
Oats (CBOT)USd/bu.Oats2.325USD1.750.00
Corn (CBOT)USd/bu.Corn3.575USD0.000.00
Canola (ICE)CAD/MTCanola490.40CAD-1.29-4.96
Soybean (CBOT)USd/bu.Soybean9.6575USD-4.620.00
3Mo Tin (LME)USD/MT3Mo Tin20025.00USD-5.213.09
Coffee 'C' (ICE)USd/lb.Coffee1.2965USD-5.402.57
Cocoa (ICE)USD/MTCocoa1933.00USD-9.08-11.53
Cocking CoalCNY/MTCocking Coal1040CNY-12.01-22.04
Ethanol (CBOT)USD/gal.Ethanol1.36USD-15.32-5.56
Natural Gas (Nymex)USD/MMBtuNatural Gas3.02USD 3e5 -18.90-5.92
Rubber (Tokyo)JPY/kgRubber207.00JPY-20.993.97
Sugar #11 (ICE)USd/lb.Sugar0.153USD-21.582.82
Orange Juice (ICE)USd/lb.Orange Juice1.3619999999999999USD-31.25-15.32

Country USD Yields Ordered By YTD Yield Chance

1f40
countryYieldYieldChange
Hong Kong65.3452.24
Venezuela52.6428.85
Israel5.281.09
Lebanon7.010.12
Finland2.810.09
Canada7.660.08
United States5.750.07
France6.320.04
Oman4.950.02
Qatar3.59-0.04
Korea (South)3.95-0.06
Bahrain5.71-0.08
China4.10-0.16
Slovak Republic2.44-0.29
Netherlands4.34-0.33
Philippines3.26-0.35
Pakistan5.56-0.35
Japan3.47-0.35
Thailand3.06-0.40
New Zealand5.06-0.41
Jordan5.77-0.48
South Africa4.98-0.49
Kuwait4.06-0.49
Germany3.78-0.56
United Kingdom4.81-0.57
Peru3.62-0.60
Lithuania2.42-0.60
Chile4.53-0.60
United Arab Emirates4.01-0.61
Guatemala4.22-0.67
Russian Federation3.89-0.68
Poland2.70-0.71
Ireland5.64-0.74
Malaysia3.45-0.76
Taiwan3.37-0.77
Morocco3.66-0.78
Trinidad and Tobago4.63-0.79
Hungary3.15-0.86
Panama3.80-0.86
Colombia4.32-0.86
Indonesia3.86-0.88
Romania3.30-0.89
Azerbaijan4.73-0.93
Mexico4.34-0.95
Brazil5.49-0.98
Paraguay5.12-0.98
Turkey5.03-1.03
India4.07-1.04
Tunisia5.84-1.05
Croatia (Hrvatska)3.16-1.07
Costa Rica5.91-1.07
Cote D'Ivoire (Ivory Coast)5.52-1.14
Uruguay3.68-1.17
Vietnam3.54-1.27
Serbia3.14-1.34
Luxembourg9.87-1.40
Dominican Republic4.79-1.51
Kazakhstan4.14-1.58
Gabon6.09-1.65
El Salvador6.24-1.66
Sri Lanka4.80-1.69
Egypt4.76-1.73
Italy4.05-1.73
Senegal3.87-1.84
Jamaica6.76-1.99
Nigeria5.09-2.00
Argentina5.74-2.14
Ukraine6.53-2.17
Kenya5.66-2.18
Ethiopia5.76-2.26
Ghana6.01-2.33
Zambia6.73-2.37
Ecuador6.10-2.52
Iraq6.53-2.72
Mongolia5.36-2.96
Angola6.95-3.17
6c

CHINA China stocks extend rally; Hong Kong also up

Sector Performance in CHINA Last Month

50f
sectorPeriodChange
Consumer Staples13.18
Health Care10.59
-10.18
Energy7.96
Consumer Discretionary4.47
Industrials4.05
Real Estate3.92
Information Technology0.96
Materials0.21
Financials-1.20
Telecommunication Services-1.91
Utilities-2.67

Valuation and Growth of Various Sectors in CHINA

811
SectorPEFy0PEFy12017Growth
Energy14.8611.3796.37
Consumer Staples23.3324.1244.04
Consumer Discretionary14.8415.2633.51
Materials20.4815.2829.64
Information Technology15.0416.4924.07
Real Estate11.689.0019.14
Health Care17.1314.1314.94
Industrials15.4612.469.31
Financials8.3710.178.87
Telecommunication Services9.7111.098.53
Utilities12.0513.18-0.63
349
  • Chinese stocks start the year with a bang
  • Euro hits 4-month high as Europe misses stocks rally
  • Wisdomtree Launches China Equity ETF
  • As Barriers Come Down, China Stocks Look More Appealing To ...
  • China equities sell-off targets this year's highest flyers
    598
  • Where China Dongxiang (Group) Co Ltd (HKG:3818) Stands In ...
  • China factory growth quickens to 4-month high but confidence ...
  • What Is Driving China Yuchai International Limited's (NYSE:CYD ...
  • Does Riverine China Holdings Limited's (HKG:1417) NaN ...
  • Did China Tian Lun Gas Holdings Limited's (HKG:1600) Recent ...
    3e0
  • Could Apple Become A $1 Trillion Market Cap Stock In 2018?
  • Can China have an effective carbon trading scheme without ...
  • 2018 Will See Many More Cryptocurrencies Double In Value
  • US doubts on China investments sink Ant Financial-MoneyGram deal
  • China stocks extend rally; Hong Kong also up 63

    Link to CHINA Macro Page 34

    CHINA country trades at 2017 simple average 13 PE Fy1 of 13.6 x a and 2018 13 PE Fy2 of 12.2 x 34

    CHINA country trades at 2017 simple average 16 EV/EBITDA of 8.7 x a and 2018 15 EV/EBITDA of 7.9 x 41

    In terms of Dividend yield CHINA country trades at 2017 12 Yield of 2.8 % a and 2018 4d Dividend Yield of 3.1 %

    On ROE basis CHINA country trades at 2017 1b ROE of 12.7 % and 2018 51 ROE of 13.1 %

    Largest Companies in CHINA by Market Capitalisation mn$

    1799
    TickerCompanyCountryIndustrySubIndustryMarketCapUSDmn
    BABA USAlibaba Group Holding LtdCHINASoftware & ServicesInternet Software & Services448995.9
    700 HKTencent Holdings LtdCHINASoftware & ServicesInternet Software & Services406153.0
    1398 HKIndustrial & Commercial Bank of China LtdCHINABanksDiversified Banks309056.2
    939 HKChina Construction Bank CorpCHINABanksDiversified Banks217057.1
    857 HKPetroChina Co LtdCHINAEnergyIntegrated Oil & Gas212594.1
    1288 HKAgricultural Bank of China LtdCHINABanksDiversified Banks186142.3
    3988 HKBank of China LtdCHINABanksDiversified Banks177947.5
    2318 HKPing An Insurance Group Co of China LtdCHINAInsuranceLife & Health Insurance150704.0
    2628 HKChina Life Insurance Co LtdCHINAInsuranceLife & Health Insurance111543.3
    386 HKChina Petroleum & Chemical CorpCHINAEnergyIntegrated Oil & Gas106748.2
    3968 HKChina Merchants Bank Co LtdCHINABanksDiversified Banks99451.0
    BIDU USBaidu IncCHINASoftware & ServicesInternet Software & Services82417.2
    3328 HKBank of Communications Co LtdCHINABanksDiversified Banks64765.9
    1088 HKChina Shenhua Energy Co LtdCHINAEnergyCoal & Consumable Fuels63384.5
    883 HKCNOOC LtdCHINAEnergyOil & Gas Exploration & Produc52585.6
    2601 HKChina Pacific Insurance Group Co LtdCHINAInsuranceMulti-line Insurance49118.5
    1988 HKChina Minsheng Banking Corp LtdCHINABanksDiversified Banks44421.5
    998 HKChina CITIC Bank Corp LtdCHINABanksDiversified Banks43419.1
    3333 HKChina Evergrande GroupCHINAReal EstateReal Estate Development42959.2
    728 HKChina Telecom Corp LtdCHINATelecommunication ServicesIntegrated Telecommunication S40926.2

    Number of Companies in CHINA by Country by SubIndustry and Market Capitalisation mn$

    1293
    CountryIndustrySubIndustryNumber of companiesMarketCapUSDmn
    CHINAUtilitiesGas Utilities17291.2
    CHINAUtilitiesIndependent Power Producers &114276.3
    CHINAUtilitiesRenewable Electricity29599.2
    CHINATransportationAirlines229927.0
    CHINATransportationHighways & Railtracks213151.3
    CHINATransportationAirport Services17562.7
    CHINATelecommunication ServicesIntegrated Telecommunication S244668.0
    CHINATechnology Hardware & EquipmenCommunications Equipment115219.3
    CHINATechnology Hardware & EquipmenTechnology Hardware, Storage &16058.3
    CHINASoftware & ServicesInternet Software & Services3937566.1
    CHINASemiconductors & SemiconductorSemiconductor Equipment12632.6
    CHINARetailingDepartment Stores22448.8
    CHINARetailingComputer & Electronics Retail12329.0
    CHINARetailingAutomotive Retail15206.8
    CHINAReal EstateReal Estate Development9117005.9
    CHINAPharmaceuticals, BiotechnologyPharmaceuticals13589.0
    CHINAMaterialsGold215699.4
    CHINAMaterialsAluminum117010.9
    CHINAMaterialsConstruction Materials224460.1
    CHINAMaterialsCommodity Chemicals19228.7

    Top Companies CHINA by Dividend Yield

    6cc
    TickerCompanyCountryIndustrySubIndustryDividendYld_fy1
    2777 HKGuangzhou R&F Properties Co LtdCHINAReal EstateReal Estate Development7.0
    1288 HKAgricultural Bank of China LtdCHINABanksDiversified Banks5.9
    3328 HKBank of Communications Co LtdCHINABanksDiversified Banks5.5
    968 HKXinyi Solar Holdings LtdCHINASemiconductors & SemiconductorSemiconductor Equipment5.2
    3988 HKBank of China LtdCHINABanksDiversified Banks5.2

    Cheapest Companies in CHINA on FY1 PE

    6dc
    TickerCompanyCountryIndustrySubIndustryPE_fy1
    3618 HKChongqing Rural Commercial Bank Co LtdCHINABanksRegional Banks4.6
    1988 HKChina Minsheng Banking Corp LtdCHINABanksDiversified Banks5.0
    998 HKChina CITIC Bank Corp LtdCHINABanksDiversified Banks5.1
    1288 HKAgricultural Bank of China LtdCHINABanksDiversified Banks5.2
    3328 HKBank of Communications Co LtdCHINABanksDiversified Banks5.4


    Earnings Relises and Dividends

    18

    Top CHINA Bonds

    153a
    BondPriceCouponFXMaturityDurationYieldYieldChangePriceChange
    SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 2099.382.50USDApr 28, 20202.252.78-0.070.50
    CNOOC FINANCE (2012) LTD RegS 42114.315.00USDMay 02, 204214.584.07-0.609.37
    SHIMAO PROPERTY HOLDINGS LTD RegS 21104.138.13USDJan 22, 20210.086.530.66-3.94
    AGILE PROPERTY HOLDINGS LTD RegS 20106.139.00USDMay 21, 20200.396.20-0.29-1.45
    COUNTRY GARDEN HOLDINGS COMPANY LT RegS 20104.387.50USDMar 09, 20200.195.350.08-2.11
    BAIDU INC 25103.924.13USDJun 30, 20256.343.53-0.513.33
    BANK OF CHINA (HONG KONG) LTD MTN RegS 25103.383.88USDJun 30, 20256.403.36-0.452.92
    ALIBABA GROUP HOLDING LTD 24103.083.60USDNov 28, 20246.003.10-0.714.52
    CNPC GENERAL CAPITAL LTD RegS 23101.153.40USDApr 16, 20234.813.16-0.462.39
    TENCENT HOLDINGS LTD MTN RegS 20100.502.88USDFeb 11, 20202.032.63-0.230.47
  • 0